IWETHEY v. 0.3.0 | TODO
1,095 registered users | 0 active users | 0 LpH | Statistics
Login | Create New User
IWETHEY Banner

Welcome to IWETHEY!

New You think so?
I know certain investor counselers who are still pushing Greek investments hard.

They know Greece isn't going to be able to pay. A large piece of the market knows it too, which is why those investments are going down.

But the investment head honchos don't want to lose their money. They'll push for haircuts, create new product, sprinkle Greek with other investments and push hard to sell them into 401k and Pension Funds.

A lot of foolish investors are going to buy items and watch it lose money.

The taxi driver isn't going to be affected.

The wealthy bondholders will lose a little, but that's all.
New The retired taxi driver's
pension checks have stopped showing up.

I'd say it's affecting him.

What would happen in the US if the SS checks stopped going out?
New Actually, the huge blowup this week
was mostly tied to loss of Government jobs and pension cuts....

But it looks like they got an agreement on the pension cuts. (They're still there, just not as large)

I still say, check your 401Ks...make sure you don't have any international exposure to the Greek markets. This isn't over yet.
     There's a crisis in the Greek economy: Needs moar austerity. - (Another Scott) - (9)
         Actually, I think it WILL be OK, at least for the majority - (crazy) - (1)
             And here's a quote that seems to exemplify it - (crazy)
         I understand it's a typical economists dilemma. - (static) - (5)
             I have to say - (jake123) - (3)
                 You think so? - (S1mon_Jester) - (2)
                     The retired taxi driver's - (jake123) - (1)
                         Actually, the huge blowup this week - (S1mon_Jester)
             Too many in power are treating it as a moral issue. - (Another Scott)
         latest Krugman - (lincoln)

It's all fun and games until someone loses a lung.
45 ms